Funding Our Future: 2 Ways to Fund Winter Repairs

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Winter is just around the corner, so it's time to start preparing for cold-weather home maintenance. Home damages and repairs can be a major financial burden - especially around the holidays. David Sant of Cyprus Credit Union stopped by with a couple of easy ways to put away money now, so that you are prepared for surprise winter expenses (or any big expense, for that matter!).

  1. Budget! "Make home maintenance a line item on your budget," Dave said. "Putting away something is better than putting away nothing!"
  2. Open up a higher-yield savings account for long-term planning, so that you make money on your savings. Check out the new Dream Certificate program at Cyprus Credit Union, where you get a higher percentage rate than a typical savings account, yet you don't need a huge starting amount like you would with a CD. All you need is $25 to open it! "If you open up a 12-month Dream Certificate, and put $50 in each month, you end up with a nice nest egg of $600 that has also been earning interest," said Dave.

Find more helpful tips at www.cypruscu.com.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.